Afrigather 
Because the Central Financial institution of Nigeria’s December 18, 2023, deadline approaches for the registration for the Financial institution Verification Quantity, the variety of registered Nigerians has hit 59.9 million.
That is in response to the newest BVN registration information replace launched by the Nigeria Inter-Financial institution Settlement System, as seen by AMBusiness.
The latest NIBSS information, issued in September, confirmed that the variety of registered BVN stands at 58.7 million as of September 12, 2023.
Whereas registration for the quantity has been delayed because the starting of the 12 months, the Central Financial institution of Nigeria’s latest assertion that each one financial institution accounts with no BVN could be frozen starting in April 2024 has pushed the BVN database a bit of larger.
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With the newest statistic of 59.9 million, this means that over 1 million new BVNs have been registered within the final three months.
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Because the starting of this 12 months, the BVN database has been progressively creating. The BVN database stood at 56.5 million on the finish of 2022, after 4.8 million extra registrations have been reported within the 12 months.
The BVN database has expanded by 3.4 million to this point this 12 months, with only some days till the top of 2023.
In response to NIBSS, the nation had 133.5 million lively financial institution accounts as of December 2021. Whereas information for 2022 and 2023 has not but been launched, the statistics are prone to be larger than these for 2021, which confirmed that there’s nonetheless a large hole between the registered BVN and the variety of financial institution accounts.
